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Tuesday, October 23, 2018 14:52 GMT
State-run Saudi Arabian Mining Company (Ma'aden) plans to build a third ammonia plant in at a cost of about 3.35 billion Saudi riyals (US$893 million), according to a bourse statement on Monday. Ma'aden said it signed a contract with South Korea's Daelim Industrial and its Saudi unit for the engineering, procurement and construction of the plant in Ras al-Khair. Works will take over 38 months, the statement said. The ammonia plant is one among multiple plants Ma'aden plans to develop to for a...More